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Montecito Bank & Trust
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Heritage Oaks CFO resigns

By   /  Tuesday, January 14th, 2014  /  Banking & Finance, Banking Industry, Central Coast, Top Stories  /  Comments Off on Heritage Oaks CFO resigns

Mark Olson has resigned from his position as chief financial officer and executive vice president at Paso Robles-based Heritage Oaks Bancorp, tied as the largest bank based in the region with about $1.2 billion in assets.

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Salem makes $8.5M buy in bid to build conservative media empire

By   /  Monday, January 13th, 2014  /  Banking & Finance, Top Stories, Tri-County Public Companies  /  Comments Off on Salem makes $8.5M buy in bid to build conservative media empire

Camarillo-based Christian and conservative media company Salem Communications Corp. said Jan. 13 that it has purchased the assets of Eagle Publishing for $8.5 million in a bid to build “a conservative media powerhouse.”

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Limoneira shares sour on Q4 loss

By   /  Monday, January 13th, 2014  /  Agribusiness, Earnings, Latest news, Tri-County Public Companies  /  Comments Off on Limoneira shares sour on Q4 loss

Shares of Santa Paula-based Limoneira Co. plunged 8.1 percent in mid-afternoon trading on Monday after the company reported a fourth-quarter loss of $1.1 million, compared to a $141,000 profit a year earlier. The loss was primarily the result of lower avocado volume and revenue, the firm said.

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$114M slated to fuel Santa Maria Energy operations

By   /  Friday, January 10th, 2014  /  Central Coast, Real Estate, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on $114M slated to fuel Santa Maria Energy operations

Santa Maria Energy has disclosed plans to pump up to $114 million into Santa Barbara County this year as it pursues its $1.2 billion in oil reserves and more than 7,700 potential drilling locations.

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The venture capitalist of the vineyards: Terroir’s investments range from Santa Ynez to South Africa

By   /  Friday, January 10th, 2014  /  Features, Personal Finance, Wine & Viticulture  /  Comments Off on The venture capitalist of the vineyards: Terroir’s investments range from Santa Ynez to South Africa

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Wiser Capital to raise $100M for solar projects

By   /  Thursday, January 9th, 2014  /  Banking & Finance, Banking Industry, Technology, Top Stories  /  Comments Off on Wiser Capital to raise $100M for solar projects

Santa Barbara-based solar finance firm Wiser Capital said Jan. 9 that is has entered into a $100 million deal with Sandler O’Neill and Partners, a major Wall Street investment bank.

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Calavo shares jump on higher avocado sales

By   /  Tuesday, January 7th, 2014  /  Agribusiness, Banking & Finance, Earnings, South Coast, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Calavo shares jump on higher avocado sales

Shares of Calavo Growers soared 6.5 percent on Tuesday, when the Santa Paula-based produce marketer reported fourth-quarter revenue climbed 35 percent to $190.7 million on higher avocado prices and volume.